The U.S. hotel industry reported occupancy rose 0.8% to 68.5% during the week of 6-12 May. ADR rose 3.5% to $130.06 and RevPAR increased 4.4% to $89.03.
The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 6-12 May 2018, according to data from STR.
In comparison with the week of 7-13 May 2017, the industry recorded the following:
Occupancy: +0.8% to 68.5%
Average daily rate (ADR): +3.5% to US$130.06
Revenue per available room (RevPAR): +4.4% to US$89.03
Among the Top 25 Markets, Orlando, Florida, reported the highest jump in RevPAR (+23.1% to US$111.25), due primarily to the largest lift in ADR (+14.5% to US$136.24).
San Diego, California, experienced the largest increase in occupancy (+9.9% to 80.0%) and a double-digit rise in RevPAR (+16.6% to US$126.63).
San Francisco/San Mateo, California, posted the second-largest increase in ADR (+10.6% to US$240.22).
Miami/Hialeah, Florida, registered the only other double-digit increase in ADR (+10.2% to US$191.08) and the second-highest increase in RevPAR (+18.2% to US$158.39).
Overall, 17 of the Top 25 Markets reported an increase in RevPAR.
Philadelphia, Pennsylvania-New Jersey, reported the steepest declines in ADR (-7.4% to US$149.20) and RevPAR (-11.7% to US$114.21).
Denver, Colorado, experienced the largest drop in occupancy (-9.4% to 73.4%) and the only other double-digit decrease in RevPAR (-11.2% to US$96.00).
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.